俄罗斯10年期自由贸易区的收益率为16.2%，仍接近10月9日触及的两年多来的最高点16.4%，原因是俄罗斯市场政府债券供应充足，俄罗斯银行日益强硬。央行在10月份的会议上将其关键政策利率上调至21%的历史新高，这是有史以来的最高水平，也高于市场对短期上调至20%的预期。俄罗斯央行还指出，由于俄罗斯经济的强劲需求继续超过有限的商品和服务能力，通胀预期不断恶化，因此可能会继续提高借贷成本。该行还指出，扩张性财政政策也导致了通胀压力，部分资金来自大量的OFZ发行。

The yield on the Russian 10-year OFZ was at the 16.2% mark, remaining close to the over-two-year high of 16.4% touched on October 9th amid the ample supply of government bonds in the Russian market and an increasingly hawkish Bank of Russia. The central bank raised its key policy rate to a record high of 21% in its October meeting, the highest on record, and above market expectations of a shorter increase to 20%. The CBR also noted it may continue to raise borrowing costs, citing deteriorating developments in inflation expectations as strong demand in the Russian economy continued to outstrip the limited capacity for goods and services. The bank also noted that expansionary fiscal policy also contributed to inflationary pressures, partially financed through ample OFZ issuing.